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Costco Wholesale Corporation (NASDAQ:COST) - Why Costco Is A Long-Term Hold, But Faces Tough Comparable Sales

Share: Costco Wholesale Corporation (NASDAQ: COST) could face tough comparable sales over the next few quarters from the COVID-19 pandemic peak of grocery and retail sales in 2020. An analyst remains bullish on Costco despite the potential risk.  The Costco Analyst: Morgan Stanley analyst Simeon Gutman reiterates an Overweight rating and price target of $410. The Costco Takeaways: Gutman called out the tough comparable sales Costco is now facing going against strong growth during the COVID-19 pandemic in 2020. “We like COST as a longer-term holding  especially as the multiple has come in  but the stock may tread water until visibility on COVID laps improves,” Gutman said.

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